Elite global firm McKinsey in US Justice Department hot chair over Opioid crisis April 25, 2024 Consultancy firm McKinsey has been placed under criminal investigation in the US over its role in the country's Opioid crisis.
Commodity traders still made bank last year despite calmer markets April 5, 2024 Global commodity trading generated more than £79bn in earnings before taxes (EBIT) in 2023.
Bob Sternfels faces opposition to be re-elected as McKinsey boss January 21, 2024 McKinsey head Bob Sternfels' bid for re-election is reportedly facing internal opposition due to mass layoffs and a slowdown in growth during his tenure.
McKinsey defers partners’ bonuses as dealmaking dries up December 24, 2023 Partners at management consultancy McKinsey have reportedly voted to defer part of their bonuses as the company sees a slowdown in demand for its services amid a slump in corporate deals.
McKinsey to cut up to 2,000 staff in one of its biggest round of layoffs ever February 22, 2023 McKinsey is planning to cut up to 2,000 back-office staff as it seeks to control costs and retain its partner payouts. The plans could affect up to 2,000 of McKinsey’s 45,000 staff, in one of the consulting firm’s largest rounds of job cuts ever. McKinsey’s plans, first reported by Bloomberg, are set to see [...]
Bain & Co to challenge UK government’s ban via judicial review September 4, 2022 Bain & Co is set to challenge the Cabinet Office’s decision to ban it from competing for government contracts, via a judicial review. The US consultancy has applied for a judicial review of the Cabinet Office’s decision last month to ban the firm from tendering for UK government work, the Financial Times reported. The UK [...]
Accountancy firms ask for exemptions from ban on providing services to Russia May 24, 2022 Accountancy firms have asked the UK government to offer exemptions to professional services firms from rules blocking them from working with Russian clients. The calls come after the government this month set out plans to block British accountants, business consultants, and PR managers from providing their services to Russians, in response to the country’s invasion [...]
McKinsey helped ‘turbocharge’ opioid sales while working for US regulators, House committee says April 28, 2022 Consultancy giant McKinsey played a “pivotal role” in the US opioid crisis by helping Purdue Pharma “turbocharge” sales of opioid painkiller Oxycontin whilst working for US drug regulators, a Congressional report has said. The multi-billion-dollar consulting firm helped Purdue develop strategies to boost sales of its addictive painkiller, by advising the firm to offer its [...]
McKinsey pulls staff out of Russia and sends them to Kazakhstan March 17, 2022 Consultancy giants McKinsey and BCG are pulling their staff out of Russia and sending them to the former Soviet republics of Kazakhstan and Azerbaijan. Big Three consulting firm McKinsey has already sent its Russian employees to Almaty, the largest city in Kazakhstan, according sources speaking to Financial News. Meanwhile, Boston Consulting Group (BCG) is [...]
McKinsey and BCG face calls to cut ties with Russian businesses, after pledging to sever links with Putin government March 1, 2022 Consultancy giants McKinsey and Boston Consulting Group (BCG) are facing calls to further sever their links to Russia, after both firms said they would stop working with the Russian government. The calls come after the UK government called on City of London firms to cut ties with Putin’s regime. Consulting giant McKinsey is facing calls [...]